The zero coupon bonds of JK Industries have a market price of $318.46, a face value of $1,000, and a yield to maturity of 6.69 percent. How many years is it until these bonds mature? Assume semiannual compounding.
A) 34.78 years
B) 32.28 years
C) 17.39 years
D) 24.01 years
E) 16.14 years
Correct Answer:
Verified
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